GBPUSD Strong Buy
Here we can see on the 4 Hour chart that the Stochastic Oscillator is giving us the buy signal. We are also in our demand zone and the uptrend retest our previous structure high. We are also above the ichimoku cloud and our two SMA intersected. Price retraced to our 61Fib levels. Expecting price to push up to equilibrium
Trade closed: stop reached
Trade hit stop lost, was very confident about this trade but market failed to maintain structure. Broke my rule and entered trade on my equilibrium. I should never do that
C Nicholas Downie
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C Nicholas Downie
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.